N195 per litre for petrol, marketers warn Nigerians

Members of the Independent Petroleum Marketers Association of Nigeria, IPMAN, have advised Nigerians to expect a higher petrol pump price in the coming days, saying price may rise to N195 per litre.

They lamented what they described as “inconsistencies” on the part of the Federal Government, the Nigerian National Petroleum Corporation, NNPC, and its subsidiary, the Pipeline and Products Marketing Company, PPMC, on deregulation policy. NNPC had last week, ruled out immediate price rise until a scheduled meeting between the Federal Government and labour unions at the end of the month. While the Trade Union Congress, TUC, said it would not react until the price was officially announced, the pro-labour civil organization, Joint Action Front, JAF,  said the marketers’ position did not come to them as a surprise, blaming the development on the failure of the trade union movement to defend workers against policies inimical to their interest.

In his reaction last night, Group General Manager, Group Public Affairs Division, GPAD, Nigerian National Petroleum Corporation, NNPC, Dr. Kennie Obateru, said: “NNPC has not increased its ex-depot price and has no plan to do so in February 2021.” However, IPMAN members said that despite NNPC’s assurance of product availability, independent marketers could not access the product from NNPC depots…

Read more at: https://www.vanguardngr.com/2021/02/expect-n195-per-litre-for-petrol-marketers-warn-nigerians/